Jerome Powell delivers a speech at the Dealbook conference.

Jerome Powell delivers a speech at the Dealbook conference.
Jerome Powell delivers a speech at the Dealbook conference.

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Jerome Powell, the Federal Reserve Chair, will deliver a speech at the New York Times DealBook conference on Wednesday.

The central bank's decision on interest rates is two weeks away, and Powell's last public appearance before then will be about appearances.

The Federal Open Market Committee is expected to lower the federal funds rate by another quarter percentage point from its current target range of 4.5%-4.75%, as markets anticipate.

Some policymakers have expressed concern about the recent increase in inflation, adopting a cautious approach as they monitor the data.

The Fed Governor Waller is considering a December rate cut, but is concerned about inflation. The Fed's preferred inflation gauge has reached 2.3% annually, meeting expectations. Fed officials anticipate interest rate cuts, but only gradually, according to meeting minutes.

by Jeff Cox

Markets